The Cyber security and defense against the online threats undertake higher significance in today’s digital changing scenario. It has become energetic amid organization owing to rapidly growing frauds, cyber crimes, perils, threats, and weaknesses. Disruptive and developing technologies across banking, retail, information technology, defense, and producing sectors have suggested new capabilities, facilitated automation, and offered ease of functioning in the present past. However, such technologies have also developed as a potent aspect in the advancement of the worldwide threat scenario of exploits, vulnerabilities, and malware. The developing threat landscape is witnessed with an augmented the number of cyber crime activities in the worldwide digital era.
Although, the cyber security solutions support an organization monitor, perceive, report, and pledge cyber threats to manage the data confidentiality. The implementation of cyber security solutions is projected to augment with the increasing penetration of the Internet amongst the advancing and developed regions, and the requirement for security solutions has been marked greatly by the private financial and banking services segments, along with the healthcare, and aerospace and defense segments.
Furthermore, the Airplane navigation and guidance systems can be greatly susceptible to cyber-attacks, which can have wide-ranging ramifications. Therefore, the computers and networks for all the ground and air-borne functions demand strong security infrastructure. The growing implementation of machine-to-machine technologies (M2M) across the aerospace domain and the aim of the governments on cyber security to counter the cyber terrorism have propelled the growth of the cyber security market across this sector enormously for the past few years.
Dependent on the Market Research Reports Of Cyber Security, the growing data breaches in military defense, the United States is positioning high emphasis on its military and defense segment and is investing majorly in R&D of new weaponry systems. During October 2018, the US Government Accountability Office (GAO) unconfined a report stating that most of the weapon systems that were under advancement are found to have mission-critical cyber weaknesses. Later that month, the US government contracted the law to inaugurate the Cybersecurity and Infrastructure Security Agency (CISA), in order to improve the national defense against cyber-attacks.
Although, basis on the Future Analysis Cyber Security Industry, the Asia-Pacific is projected to have greatest market growth for cyber security solutions, over the review period. The strong existence of numerous market incumbents, coupled with present security threats across the region, is projected to propel the implementation of these solutions further.
However, the technologies such as the Internet of Things (IoT) and new business models expansively rely on worldwide digitization for their growth. As the system becomes more complex, interrelated, and handles more information, the acquaintance to attack surface becomes much bigger while uncovering the gaps in the security system of the business. The primary podium for an augment in cyber crime activities is connectivity through the usage of Big Data, cloud, social media, and mobile services. For instance, the third-party data storage and cloud-based services have unbolted avenues for an online attack, which beforehand did not prevail. Moreover, IoT products allowed with the IP sensors are projected to establish the vulnerabilities to the user data, if they have not been passably tested. Such services function on the backbone of the internet and will become progressively connected over duration of the next three years, enabling the requirement for a robust cyber safety system across the business environment. Therefore, projected to propel the market growth of cyber security across the globe more significantly over the coming decades.
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Ankur Gupta, Head Marketing & Communications